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Ideal Power (IPWR)

Discussion in 'Innovative Green Tech' started by vidarslien, Aug 6, 2014.

  1. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
  2. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
  3. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
  4. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Hmmmm,
    Ideal Power Founder, former CTO and current Chief Technologist, Bill Alexander, was fired yesterday because he "pledged shares of common stock as collateral for a personal loan in violation of the Company’s insider trading policy and code of conduct.".

    So far, the market does not seem to care very much - in fact, the SP is somewhat up at the time of writing this. However, I fear what this might be dragging along - Bill Alexander is the holder of most of Ideal Power's patents, as I understand it, and according to their annual reports, there is an agreement between Ideal Power and mr. Alexander that the company will pay for the exclusive right of those patents. The question then arises: What will happen to the IP? Will there be any legal battles, or will things hum along smoothly. Tomorrow's quarterly CC will be very interesting, but, unfortunately, for the wrong reasons...
  5. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Btw., two new patents were granted on October 24th, in addition to the two granted on October 10th.
  6. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Another patent on the production of the BTRAN, named "Systems and methods for bidirectional device fabrication", was granted on November 14th. Both Bill Alexander and Richard Blanchard are named as inventors.
  7. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    SunDial and Stabiliti receives UL 1741SA certification, which is the newest standard for PV inverters
    http://m.nasdaq.com/press-release/i...hieve-ul-1741-sa-certification-20171127-00459

    Thus, these inverters can now be installed throughout California.

    However, the SP is plunging, probably because Roth Capital, one of the analyst firms that have followed IPWR the longest, cut their PT from $6 to $2 yesterday. Ouch..
  8. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
  9. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Some really strong action in the AH after Friday's close, following rumours that Ideal Power will soon announce a partnership with Grid+, which is using blockchain tech to disrupt the power grid.

    There has been many stocks exploding recently by announcing that they are about to ride the blockchain wave following bitcoin's parabolic rise. Perhaps this wave will also lift Ideal Power, but I do not really see how this could lift Ideal Power in a sustained way - certainly not in the short term. But if Ideal Power can scale their tech, they could definitely play a role in the decentralization of the grid. But then we are talking years out, not weeks..
    It'll be an interesting opening today and also for the rest of the week.

    Happy Christmas, all!
  10. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Lockheed Martin to launch a flow battery storage system by year end.
    Ideal power has had some cooperation with Lockheed in the past, but from the very disappointing development at Ideal Power, or lack thereof, over their entire history since their IPO, I won't hold my breath waiting for a PR on a partnership here. But it might at least be a sign that flow batteries are coming in the not too distant future.

    edit: Link:
    https://www.energy-storage.news/new...-to-skip-to-the-front-of-the-flow-battery-que
  11. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
  12. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Equity behemoth Carlyle Group is jumping big into the microgrid market bringing an initial amount of financing of $500m into the sector.
    https://www.greentechmedia.com/articles/read/big-money-is-getting-into-microgrids#gs.oGN1vic

    This could be really big news for Ideal Power - if they are able to pull it off and get their converters adopted by the best-in-class microgrid developers.

    However, don't expect any material results anytime soon. These things obviously takes (an awful lot of) time, and Ideal Power has a really bad record when it comes to actual partnerships and subsequent sales.
  13. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Utility PPA signed for the first community solar+storage in Massachusetts.
    https://www.energy-storage.news/new...community-solar-plus-storage-project-in-massa

    That is a positive development. But ehat's perhaps equally interesting, is that the developer has contracted NEC, who is an Ideal Power partner, for another 2MW of storage systems. However, Ideal Power supplies converters to NEC's smallest system only. Thus, I don't expect Ideal Power to benefit from this specific deal, unfortunately.
  14. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
  15. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Three more patents related to BTRAN awarded on the 20th of February.
    Let's see what the ER brings on March 6th. I do not have too high hopes of any material news, though.
  16. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Another important step forward today as Ideal Power provided an update stating that they have successfully completed Proof-of-Concept testing of the double-sided B-TRAN
    https://ir.idealpower.com/press-rel...completes-successful-proof-of-concept-testing

    This means that they now have real data to show for the performance of the B-TRAN. However, they state, among other things, a loss of electricity of less than 40% that of conventional IGBTs, which is significantly higher than the 10% indicated in their white paper based on simulations from a couple of years ago (is it really already TWO years ago!?!)

    Next is refining the manufacturing process and build some devices for third-party testing. Let's hope the big guys, such as Siemens, ABB, and others find that this is indeed a remarkable and cost-effective device that can open up several verticals for licensing of Ideal Power's intellectual property.

    It'll be interesting to listen to the ER CC tomorrow for more details on this and other developments.
  17. vidarslien

    vidarslien Well-Known Member

    Location:
    Norway
    Ideal Power receives purchase order from Brantingham & Carroll International Ltd. for 2 MW of it's SunDial(tm) 30 kW string inverter:
    https://ir.idealpower.com/press-rel...-to-deliver-two-megawatts-of-its-sundial-plus

    The PR states that the delivery will be for a demonstration project that will integrate the SunDial with solar + storage. The PR does not mention Flex or NEXTracker, but states that, among other things, "BCI will provide a complete turnkey solar + storage system integrating the latest, best in class solar mounting solution, battery, inverter and system control software to deliver impressive efficiency levels and a lifespan far exceeding current lithium ion solutions while eliminating issues around system degradation." Thus, it sounds like a product comparable to the NX Flow, but likely from another turnkey BESS provider, i.e., BCI. If so, this will add somewhere in the order of $0.5m to sales in Q2, as delivery is planned for mid-Q2, with estimates ranging from $0.3m to $0.8m based on retail prices of the SunDial. I assume that the price/revenue will be closer to the lower end. Anyway, this sale alone will be larger than the entire Q4-17', and represent an accelerated run-rate, as the first orders from NEXTracker are still awaited. Hopefully, this will also turn into further sales in the future.

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